Saved at a financial institution or using a mobile money account in Madagascar

Madagascar: Saved at a financial institution or using a mobile money account was 11.1% in 2024. ◆ Volatile

Latest (2024)
11.1%
Change on year
down 4.1%
World rank
69th
of 82 countries
All-time high
11.5%
in 2022
All-time low
1.4%
in 2011
Years of data
5
2011–2024

Saved at a financial institution or using a mobile money account in Madagascar, 2011–2024

2.557.51012.52011201720242011: 1.4 % age 15+2014: 3.3 % age 15+2017: 4 % age 15+2022: 11.5 % age 15+2024: 11.1 % age 15+

Source: Global Findex Database. Measured in % age 15+.

Analysis

Madagascar recorded 11.1% for saved at a financial institution or using a mobile money account in 2024.

That represents a change of down 4.1% on the previous year and up 239.3% over ten years.

Over the whole period, saved at a financial institution or using a mobile money account in Madagascar peaked at 11.5% in 2022 and was at its lowest, 1.4%, in 2011.

Madagascar ranks 69th of 82 countries on this measure, in the bottom quarter.

Averages by decade

DecadeAverage LowestHighest Years
2010s 2.9% 1.4% 4.0% 3
2020s 11.3% 11.1% 11.5% 2

Countries ranked near Madagascar

  1. 66 Zimbabwe 13.7% compare
  2. 67 El Salvador 13.6% compare
  3. 68 Pakistan 12.7% compare
  4. 70 Jordan 11.1% compare
  5. 71 Armenia 10.8% compare
  6. 72 Guatemala 10.8% compare

See the full ranking of 92 places →

More reference data data for Madagascar

All data for Madagascar →

Frequently asked questions

What is saved at a financial institution or using a mobile money account in Madagascar?
Saved at a financial institution or using a mobile money account in Madagascar was 11.1% in 2024, according to Global Findex Database.
What is the highest saved at a financial institution or using a mobile money account recorded in Madagascar?
The highest recorded value was 11.5% in 2022.
What is the lowest saved at a financial institution or using a mobile money account recorded in Madagascar?
The lowest recorded value was 1.4% in 2011.
How does Madagascar rank for saved at a financial institution or using a mobile money account?
Madagascar ranks 69th out of 82 countries with data for 2024.
Is saved at a financial institution or using a mobile money account rising or falling in Madagascar?
Over the last ten years it is up 239.3%. The long-run trend across the full record is volatile.
Where does this Madagascar data come from?
The figures come from Global Findex Database, published as part of Saved at a financial institution or using a mobile money account (% age 15+). Statizoid updates them automatically from the source API.

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Saved at a financial institution or using a mobile money account in Madagascar. Statizoid, drawing on Global Findex Database. Retrieved 22 August 2026, from https://reference.statizoid.com/stat/saved-at-a-financial-institution-or-using-a-mobile-money-account-percent-age-15/madagascar/

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About this data

Indicator
Saved at a financial institution or using a mobile money account (% age 15+)
Unit
% age 15+
Source
Global Findex Database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
92 places, 460 data points, 2011–2024
Last refreshed

The percentage of respondents who report saving or setting aside any money at a bank or similar financial institution or using a mobile money account to save in the past year, (% age 15+)